E865: Rest Bay, Porthcawl, Glamorgan, Wales CF36

Seventy-one Apartments in a SPECTACULAR Development

sold on 250-year Leases from 25th March 2019

at a combined (rising) ground rent of £ 16,165 per annum

being 0.1% or less of the recent Sale Value of each Demise

The Ground Rents will next be reviewed in 2044 and THEN EVERY FIVE YEARS THEREAFTER to RPI

Thirty-five converted, thirty-six new build, seven Rents at a peppercorn.

 

The Landlord Insures and recovers all costs AS ADDITIONAL RENT

A Lessee owned Management Company Manages the Estate

 

The Landlord owns everything above the ceilings, below the floors and the building envelope

and can Develop as they see fit.

The Lessees cannot alter their premises without the written consent of the Landlord.

Section V Notices have not yet been served.

 

Copy documents: Draft Leases, Sale Price/Ground Rent Schedule

 

Original Developer Selling

 

GUIDE PRICE £400,000